Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    115A W Main Street Llano, TX 78643

    View on Map
    For Lease
    $1,200 /Mo

    COMMERCIAL - Llano, TX

    Property size:
    920 SF
    Added:
    Jan 10, 2025
    Days on Market:
    445
    Last Refresh:
    Mar 31 at 10:06 pm

    Property Features for 115A W Main Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    CBD
    Standard status
    Active
    APN
    041128
    Size
    920 SF

    Taxes and HOA fees

    TaxDescription
    Part of SOUTH ADDN BLK 16 PT LT 20

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1900
    Floors in Building
    1
    Flooring type
    Vinyl, Carpet
    Building materials
    Block, Brick

    We can help!

    Listing Contact
    John Osbourn
    John Osbourn

    Listing agent John Osbourn License #0713014

    Listing office Landmasters Real Estate 801 Bessemer St., Llano, TX

    Listing date Jan 10, 2025

    MLS# 173785

    Copyright © 2026 Highland Lakes Association of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Retail Space in Llano

    This commercial space, located in the historic town square of Llano, Texas, offers 920 square feet of space. Constructed in 1900, the property features a bathroom, a storage area, and a versatile space equipped with double sinks and cabinets. Large windows provide views of the Llano courthouse, attracting foot traffic and offering visibility. The property is located beside the Lantex Theater. This space is suitable for a boutique, cafe, or office.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Llano
    County
    Llano
    State
    Texas
    Longitude
    -98.6750697
    Latitude
    30.7506077

    Nearby Similar for Lease

    • Contact for pricing

      Llano Commercial Space for Lease

      Commercial space with warehouse, office, and fenced lot for lease.
      107 Market Street, Llano, TX 78643
      View Details
    • Contact for pricing

      Llano Commercial Building For Lease

      1,800 SF commercial building for lease in Llano, TX.
      805 Bessemer Avenue, Llano, TX 78643-0805
      View Details
    • Contact for pricing

      Versatile Commercial Property in Llano

      Multi-use commercial space with high visibility in Llano, TX.
      1209 Bessemer, Llano, TX 78643
      View Details
    • Contact for pricing

      Llano Commercial Property For Lease

      High-visibility commercial property with flexible space in Llano, Texas.
      1209A Bessemer, Llano, TX 78643
      View Details
    • Contact for pricing

      Versatile Commercial Property on Highway 16

      Multi-use commercial property with office, warehouse, and yard space.
      1209 Bessemer Ave, Llano, TX, 78643-1307
      View Details
    • Contact for pricing

      Historic Retail Space in Llano

      Charming 920 sq ft retail space in historic Llano.
      115A W Main St, Llano, TX, 78643-1931
      View Details
    • Contact for pricing

      Prime Location Office/Retail Space

      High-visibility space suitable for office or retail use.
      904 W Young St, Llano, TX, 78643-1148
      View Details

    FAQs

    What type of property is this?
    Retail space - Charming 920 sq ft retail space in historic Llano.
    Where is this retail space located?
    The property is located at 115A W Main Street Llano, TX.
    What is the lease rate?
    The lease rate is $1,200 /Mo.
    What are key features of this property?
    This property features: Prime location in historic Llano town square next to the Lantex Theater, ensuring high foot traffic and visibility.; Versatile 920 sq ft commercial space suitable for various business ventures (boutique, cafe, office).; Charming historic building built in 1900 with brick and block construction.
    (541) 890-9051
    We can help!
    Listing Contact
    John Osbourn
    John Osbourn
    Real Estate License ID: 0713014
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!